Academic journal article Monthly Labor Review

Early Settlement at Philip Morris

Academic journal article Monthly Labor Review

Early Settlement at Philip Morris

Article excerpt

Negotiators for Philip Morris and four local unions of the Bakery, Confectionery and Tobacco Workers International Union reached an early agreement on a 3-year contract covering nearly 8,700 workers at four plants in Richmond, VA, Concord, NC, and Louisville, KY.

The contract calls for an immediate $2,000 lump-sum payment, an additional $2,000 lump-sum payment in February, 1993, and a 3-percent wage increase in February 1994; a new rate progression for employees hired after February 1, 1992, starting at an unspecified "new hire rate" for the first 3 months of service, and rising to 76 percent of the base rate after 3 months. The company will pay additional 3percent increments every 3 months until the full base rate is reached after 27 months of service. (The average hourly wage rate under the previous agreement was approximately $18.)

The pact also established a cleaning attendant job classification at plants in Richmond and Louisville. In addition, the agreement established a new managed care system, with three levels of coverage--single, single plus one dependent, and family--that includes employee payments of $100 for hospital confinements, $50 for outpatient surgery, $25 for emergency room treatment, $10 for doctor visits, and $7 for prescription drugs, up to maximum outof-pocket expenses of $500 for single coverage and $1,000 for family coverage; an out-of-network plan with a deductible of $300, a reimbursement rate of 80 percent, and maximum out-ofpocket expenses of $3,000 for an individual; and an out-of-area plan similar to the current comprehensive plan. …

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